Tuesday, September 27, 2022
HomeMortgageGreater focus needed on housing supply – Urban Taskforce Australia

Greater focus needed on housing supply – Urban Taskforce Australia


Fresh ABS data showed a strong trend of net interstate migration away from NSW, with the quarter ending in March 2022 seeing the biggest exodus from NSW with a net result of 40,057, mostly to Queensland and WA, said Tom Forrest, Urban Taskforce Australia CEO.

The table below showed the data from ABS:
















NSW population net migration to other states in Australia

12 Months up till

Net result

March 2012

-17,657

March 2013

-15,699

March 2014

-8,552

March 2015

-6,287

March 2016

-10,503

March 2017

-14,166

March 2018

-20,506

March 2019

-21,995

March 2020

-22,301

March 2021

-18,317

March 2022

-40,057

“The lack of supply and the cost of housing has become a critical factor in NSW and this is forcing people to make the tough decision to move interstate,” Forrest said. “While there has always been migration out of NSW as the majority of migrants first settle in this state, the data above shows that the exodus has grown over time before exploding in the most recent quarterly results.”

The Urban Taskforce chief said the housing supply crisis “is forcing the best and brightest young Australians” to leave NSW.

“We are also losing skilled migrants to other jurisdictions,” Forrest said. “The housing supply crisis is having a real impact. The challenge for the NSW Planning system, the minister for Planning, the minister for Cities, the premier, and the treasurer, is what is going to be done to fix the problem?”

He stressed that housing supply be restored to be the over-riding imperative in decision-making on development assessments, as new housing will bring a massive public benefit.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments